The methods for the fair division of property between divorcing spouses are complex and still evolving.
If the husband and wife can agree then their terms may be incorporated into the divorce agreement upon approval of the Court. If an agreement cannot be reached between the husband and wife, the Court has broad discretion to fashion an equitable dissolution of a marital party’s financial resources based on the need and ability of each party and the role played by each during the marriage.
There are various ways that marital assets can be divided and each divorce’s division will depend on the individual assets of two divorcing spouses.
William S. Foley, P.A. can prepare an equitable distribution chart during your high asset case for you to review the assets and liabilities in your marital estate. This is an easy way for you to review the assets and liabilities which are to be allocated in your divorce proceeding. Most of our high asset clients find it easier for them to review the charts to determine what distribution they wish to proceed with at mediation and, if necessary, later at trial.